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18

Gazprom To Set New Prices For Poland

Poland gets Russian gas at between $140 and $150 per each 1,000 cubic meters

Russain natural gas monopoly Gazprom has notified Poland's Polskie Gornictwo Naftowe i Gazownictwo S.A. it will raise gas prices in 2006 on changes in formula calculation. The price may reach $200 per each 1,000 cubic meters in 2006, Russian Kommersant daily reported.

Gazprom deputy chairman Alexander Medvedev offered PGNiG to negotiate and revise gas prices starting from 2006, the Polish company announced November 3.

The price revision ?has been provided for in the long term contracts made by Gazprom not only with Poland but also with other countries, the buyers of Russian gas,? and ?any correspondence concerning commercial issues of gas shipment is deemed confidential and couldn?t be disclosed,? Gazprom spokesmen said.

Poland gets Russia?s gas at between $140 and $150 per each 1,000 cubic meters with Gazprom meeting the 90 percent of the country?s requirements. In view of the price offered by Gazprom to Ukraine (from $150 to $180), Poland is likely to face no less than $200 or forced to make material allowances for gas transit via its soil and make up for the costs related to Yamal-Europe gas pipeline construction.